David Puchýř

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Following our previous article on how to choose the right timeframe, I would like to share with you some tips for different platforms which can provide you a wide variety of charts for financial instruments: from stocks, forex, ETFs, precious metals to commodity spreads which are at the same time free of charge. Free online […]

How to choose the right timeframe In previous works, we have introduced trading styles, basic price action and also classes of indicators. We also know that we can trade any market or candle formation, technical indicators, and we can also trade at a chosen timeframe, thereby increasing or decreasing the frequency of trades. The timeframe […]

Trading methods based on duration In trading, you can choose and trade based on several trading methods that vary particularly by the length of the trades. We recognize several types of trading methods. We start in our article from the shortest ones. 1 # Scalping Scalpers are traders who spend a maximum several minutes […]

Technical indicators are the first thing that newcomers are trying right after installing the trading platform. No wonder, I was fascinated by their spell too. The biggest problem of indicators isn´t that there are too many of them and each of them can be changed and individually set according to preferences, the biggest problem is […]

Price action means tracking market behavior and evaluating market information. During this trading approach, traders usually do not use indicators. In the previous article on technical analysis, we have divided it into technical indicators and price action, we will now continue with a detailed explanation of the price action trading style. I remember all the […]

In today’s more complex article, I would like to take a look at the technical analysis and some of its aspects. Technical analysis is nothing more than the analysis of the current market price, and we use it to predict future price directions. So, the technical analysis basically a work with the charts. Although technical […]

This article isprobably the most important article from our trading series for beginners. Understanding the principles of money management is so important that it forms the basic pillar of successful trading. Trading on the stock market is about risk management. We enter to a trade according to our analysis or based on programmed algorithmic strategies […]

In the first part of our article about leverage, we explained in details how we can work with leverage, what are the advantages and disadvantages of the leverage and how the margin is calculated on its bases. The second part originated primarily from the need to beat the myth many newcomers believe to: leverage 1: 500 […]

Today’s article is closely connected with the previous article on margin. The leverage is a topic that deserves a broader analysis, so we divide the article into two parts. Leverage is the main reason why CFDs are so popular. We are allowed to trade big positions with small capital. But of course, it has its […]

Understanding the margin is extremely important in trading, allowing us to work effectively with our capital. To trade individual stock instruments, we need to have enough money in our account. Brokers have their tables where we can learn the minimum and recommended limit for the funds we should have on the trading account. In practice, […]

Even if you’re just starting out, you’ve probably heard in various forums, articles, and videos about the profit target (PT, sometimes called take profit -TP), and about the stop the loss (SL). Target Profit Definition: Profit target is the price set on the chart where we plan to exit from the trade. If we […]

When trading less liquid markets or trading outside main trading hours, you can meet some “bugbears”. What can actually happen? Slippage Let’s start with the very popular Nasdaq market. Imagine, you want to enter the market and when the price is on an attractive level, you press the BUY […]

The platform has been set up, we know now how to change the visual settings of the chart, change the timeframe and add the market symbol we want to trade, and we can now focus on Metatrader’s trading orders. We can enter the market in two ways: Market order – immediately […]

Today we will have a look at the most used trading platform. User´s environment and control is intuitive and clear, from easy installation to easy graphics. Metatrader Installation Installation is not any science, just select the right version for your operating system on the https://www.metatrader4.com/ home page. Or you can download it from your broker. […]

In the last article, we have made clear that if we expect growth of a financial asset, we enter to a long position. Today’s article will be about volatility. What is volatility? Volatility is the financial instrument price fluctuation. For example, the volatility of the EURUSD forex pair may be 90 pips, which […]

Today I have another part of the series for our beginners. Today’s article builds on the previous one and reviews the uptrend and downtrend, so called market directions. The market can move up, down and sideways. Because trading is business like everything else, everything has its professional name: Downtrend – movement down Uptrend […]

In this article, I will introduce you the RSI indicator and give you some trading tips. I will show you the basics, and explain how it works, so you can better understand its potentials for building technical trading systems. RSI indicator itself won’t help you learn forex or read markets news. If you are […]

As I have promised in the previous article on moving averages, we will have a look at the potential of another trend indicator: Bollinger Bands. Bollinger Bands Definition: How can Bollinger Bands help us? How are Bollinger Bands made? The middle band of the Bollinger Bands is made by moving average (with the […]

Today we will be talking about the most popular trend indicator: Moving Averages (abbreviation MA). The Moving Average Indicator is especially popular for its simplicity and robustness – we can use it on any instrument, from stocks, forex, indices to futures, commodities and more. Popularity grows further with the possibility of wide parameter settings. Definition […]

In this article, we’ll introduce the main features of the MACD indicator, as well as its right setting that can help you to analyze the market and better follow the market movements. I will show you also how you how to implement this indicator in your daily trading. Indicator MACD is a trend indicator that […]